Economic System of Ukraine Essay

963 Words May 27th, 2013 4 Pages
Economic Systems Culminating Task

In this report I will discuss and evaluate the economic system of Ukraine and attempt to address how Ukraine’s economic system affects its industries and people. Ukraine is located in eastern Europe, bordering the black sea between, Russia, Poland, Romania, and Moldava.


The economic system of Ukraine continues to change. In recent years, types and quantity of major goods and services have greatly increased. Ukraine, at a population of 46.6 million people, is one of Europe’s largest countries. Ukraine is an urban country with a rural population. In this report I will
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Ukraine both imports and exports machinery, transportation equipment, and chemicals to and from other countries. Its top exports include coal, iron ore, grain and sugar from their top two mining and agricultural industries. As of February, 2013, Ukraine operates at a trade deficit of 1601 US million, which means it imports more than it exports. This means for higher taxes on citizens.

Top imports of Ukraine
Top imports of Ukraine

Quality of Life
According to HDI rankings Ukraine sits at 78 in the world and is considered to have a high human development. With a life expectancy of age 69, an average 11 years in school, along with an average of $6428 in income. With this, one might say life in the Ukraine is pretty good… but how good? Sure the facts tell different but pollution in Ukraine is a large issue. The quality of air, water and other things need some major attention. An example would be Chernobyl, Ukraine in which there was a large nuclear meltdown and it is now considered one the most polluted places around the globe. The large iron ore mining industry doesn’t help either with all of its factories. Quality of life is needed to be raised and should be a focus for Ukrainian Government

Economic System
The government system of Ukraine is considered to be semi-presidential. This is a system of government in which a prime minister and a president are both active

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